Gold has been on quite a journey. From April 2024 to April 2025, it staged a robust rally, climbing steadily and reaching a strong peak. Over the past couple of months, however, the yellow metal has slipped into a period of consolidation. The big question now is does this mark the end of the bull…

Over the years, I have had the privilege of working with investors from many different backgrounds. Some of them are meditators, others come from strong religious traditions and I must say, they are often the easiest clients to deal with. They are calm, patient, and rarely call me in a panic when markets wobble. In…

I came across another excellent piece from Howard Marks, one of my favorite financial commentators and, as always, I learned something new from it. In his latest memo, he explores how investors should think about value, price, and the interplay between them. He then applies this lens to today’s markets, weighing whether valuations look stretched…

We have an allocation to crypto, not just as an asset class but as a lens into shifting belief. Bitcoin has never been just a ledger, it is a mirror of collective belief. Each cycle, conviction migrates from those who surrender it to those who embrace it. A partner recently shared this view with me…

Everyone supposedly dumping greenbacks for euros, gold, or crypto. This year’s headlines have hammered home the idea that foreign investors, spooked by President Trump’s unorthodox, populist streak were heading for the exits and redeploying capital elsewhere. However, the numbers did not get the memo. According to a report, Treasury International Capital (TIC) data released showed…